The London Stock Exchange (LSE) is planning to start trading in futures contracts on the U.K.’s FTSE 100 stock index in June, Financial Times reports. The move will put the exchange in direct competition with NYSE Euronext. LSE’s trading platform, Turquoise, will offer a 5 pence cash rebate to traders placing orders on it in the expectation of a match being found and charge 20 pence per contract fee for traders coming in to find a match on the platform. A combination of Cassa di Compensazione e Garanzia, the LSE’s Italian clearing house, and LCH.Clearnet will provide clearing.
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